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Singapore business events bounce back post COVID, Hong Kong flounders

By Anshuman Daga and Scott Murdoch SINGAPORE/HONG KONG, Nov 19 (Reuters) - Singapore is hosting top executives of big global companies this week at a host of conferences, marking its gradual return to normalcy and underscoring the contrast with long-time rival Hong Kong, which is sticking with some of the toughest quarantine rules in the world. The
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Wall Street Journal - Oct. 26

Oct 26 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Tesla Inc TSLA.O crossed $1 trillion in market value Monday, joining a select group of companies after its stock price more than doubled this past year on surging vehicle sales and rising p
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Wall Street Journal - Oct. 21

Oct 21 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - U.S. health regulators significantly widened the nation’s Covid-19 booster campaign, clearing use of extra doses of Moderna Inc MRNA.O and Johnson & Johnson JNJ.N vaccines and also saying
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China's top regulators ban crypto trading and mining, sending bitcoin tumbling

* China intensifies crypto crackdown * Vows to root out "illegal" trading activity, bans mining * Bitcoin, smaller coins slump By Alun John, Samuel Shen and Tom Wilson SHANGHAI/LONDON, Sept 24 (Reuters) - China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining,
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As 'buy now, pay later' surges, a third of U.S. users fall behind on payments

By Anna Irrera Sept 9 (Reuters) - A third of U.S. consumers who used "buy now, pay later" services have fallen behind on one or more payments, and 72% of those said their credit score declined, a new study published by personal finance company Credit Karma showed. The study, conducted by software firm Qualtrics, surveyed 1,044 adult consumers in th
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Wall Street ends lower, weighed down by Big Tech

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * U.S. Fed should trim pandemic stimulus - Bullard * Coinbase slumps after SEC threatens to sue * PayPal falls after acquiring Japanese buy now, pay later firm * Indexes end: Dow -0.20%, S&P 500 -0.13%, Nasdaq -0.57% * (Updates with end of
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Support.com, other new meme stocks dip, hitting pause in monster rally

By Sinéad Carew, Medha Singh and Saqib Iqbal Ahmed Aug 31 (Reuters) - A gaggle of so-called meme stocks were mostly lower on Tuesday after eye-popping rallies in their shares in recent days suggested that retail investors are still eager to bet on companies popular in online forums. Shares of software company Support.com SPRT.O shot up 313% in the
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Sequoia, Coatue lead $220 mln funding in software maker Grafana Labs

Aug 24 (Reuters) - Venture capital firm Sequoia Capital and hedge fund Coatue led a $220 million funding round in Grafana Labs, valuing the enterprise software maker for data visualization at around $3 billion. Existing investors Lightspeed Venture Partners, Lead Edge Capital and Singapore sovereign wealth fund GIC also participated in the series C
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Bitcoin price rises past $50,000 then retreats

LONDON/CHICAGO, Aug 23 (Reuters) - Bitcoin's price surged past $50,000 on Monday for the first time since May, but the rebound from a months-long slump later ran out of steam. The world's largest cryptocurrency BTC=BTSP was last down 0.2% at $49,201. It had risen as high as $50,562 as investors bet that the prospect of more U.S. stimulus spending w
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Bitcoin price rises past $50,000 as rebound continues

LONDON, Aug 23 (Reuters) - Bitcoin's price surged past $50,000 on Monday for the first time since May, continuing its rebound from a months-long slump. The world's largest cryptocurrency rose to $50,341 BTC=BTSP , as investors bet that the prospect of more U.S. stimulus spending would lead to further gains, and more mainstream financial services fi
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Australia's NAB to buy Citi's local consumer business in $882 mln deal

* NAB to pay cash for net assets, plus A$250 mln premium * NAB to build a new unsecured platform to integrate Citi's book * NAB's acquisition, integration costs expected to be A$375 mln By Paulina Duran SYDNEY, Aug 9 (Reuters) - National Australia Bank NAB.AX will buy Citigroup's C.N local consumer unit for about $882.24 million, the companies said
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The $29 billion deal in 11 weeks: how Square bought Afterpay

By Paulina Duran, Scott Murdoch and Krystal Hu SYDNEY/HONG KONG/NEW YORK, Aug 3 (Reuters) - Jack Dorsey introduced the world to expressing itself in just 140 characters as the creator of Twitter Inc TWTR.N , and his payments company, Square Inc SQ.N , also likes getting straight to the point. Square's purchase of Australian buy now, pay later provi
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Twitter's Dorsey leads $29 bln buyout of lending pioneer Afterpay

* Square offers 30% premium in all-scrip bid for Afterpay * Afterpay board unanimously recommends deal * Afterpay U.S. sales soar in fiscal 2021 (Recasts with analyst comments) By Byron Kaye and Paulina Duran SYDNEY, Aug 2 (Reuters) - Square Inc SQ.N , the payments firm of Twitter Inc TWTR.N co-founder Jack Dorsey, will purchase buy now, pay later
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Beyond the meme: finance gets serious on going viral

By Anna Irrera LONDON, July 29 (Reuters) - Ian Rogers used to be in charge of digital strategy for luxury fashion group LVMH. Now he has a new mission: to sprinkle some aspirational glitz on to French cryptocurrency company Ledger. Rogers' new role, to transform Ledger into a consumer brand with viral potential, shows how young consumer finance com
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Cash loses its shine in pandemic but still king in Switzerland

By John Revill BERN, June 23 (Reuters) - Cash is still king in Switzerland, a Swiss National Bank study published on Wednesday found, although the wealthy country's citizens are increasingly turning to cards and apps for payments during the pandemic. Around 43% of one-off payments in supermarkets and restaurants are made with cash, the most popular
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PayPal overhauls U.S. rates as payments competition heats up

By Anna Irrera and David Henry NEW YORK, June 18 (Reuters) - PayPal Holdings Inc PYPL.O will lift merchant costs for its branded payment products while cutting those for behind-the-scenes processing of some Visa and Mastercard transactions, a bold move in an increasingly competitive digital payments sector. The strategic shift reflects Paypal's inc
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Australia's Zip looks to drive deeper in Asia, may consider U.S. listing

* Zip eyeing Singapore, Malaysia, Thailand and India * Nasdaq or dual-listing "makes sense" - Zip spokesperson * CEO sees increased scrutiny from regulator, governments By Nikhil Nainan May 25 (Reuters) - Australia's second biggest buy now, pay later (BNPL) firm Zip Co Ltd Z1P.AX is exploring a bigger push into Asia and a potential U.S. listing, th
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Santander to pump up payments business in bid to boost valuation

* Expects payments unit revenue to hit 1 bln euros * Chairman Botin says may list PagoNxt, no plans now * Looking at small acquisitions By Jesús Aguado and Rachel Armstrong MADRID, May 20 (Reuters) - Santander SAN.MC expects to triple revenues in its payments business PagoNxt to around 1 billion euros ($1.2 billion) in the next few years as it mov
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Mastercard and digital currency exchange Gemini to launch crypto rewards credit card

LONDON, April 27 (Reuters) - Mastercard Inc MA.N and U.S. cryptocurrency exchange Gemini will launch the first credit card that gives users digital currency "rewards" on purchases this year, deepening the involvement of major payment firms in the emerging asset class. Users of the card will from this summer receive up to 3% in bitcoin or other cryp
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Watch this space: Volatility is bitcoin's main attraction: Raoul Pal

By Divya Chowdhury April 21 (Reuters) - Bitcoin's BTC=BTSP volatility is its main attraction as that is what gives the cryptocurrency its exponential rises, ex-Goldman Sachs bitcoin enthusiast Raoul Pal said. "People have to learn to adapt to an asset that is that volatile... it has such a big upside risk-reward skew," Pal, founder and CEO of Real
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